Formulation of Policy on Investment Potential and Opportunity to Increase Investment Interest and Realization in East Java

Abstract

Investment climate development any activities in the context of improving the current and expected policy, institutional and behavioral environments (Regulation of the Head of BKPM (Investment Coordinating Board) Number 9 of 2017 concerning guidelines and procedures for implementation of investment climate development activities). There are 3 (three) scopes in developing the investment climate, including 1). Investment deregulation, 2). Investment potential and opportunity development and 3). Business empowerment. Interest in foreign investment and domestic investment in the first quarter of 2018 in East Java province was centered on Ring I (Surabaya City, Gresik Regency, Sidoarjo Regency, Pasuruan Regency, and Mojokerto Regency). One of the factors causing the centered investment interest in Ring I area is the problem that the business actors face in reading the valid and correct investment potential and opportunity in regency/city areas. The purpose of this policy formulation is to formulate the problems experienced in developing regional investment potential and opportunity and to formulate policy recommendations to facilitate information education on investment potential and opportunity for investment stakeholders and encourage investment interest in areas other than Ring I. Based on the policy analysis result, the most appropriate step to be taken is to establish Guidelines for Preparation of Investment Potential and Opportunity Map.

Keywords: Investment Climate, Investment Interest, Potential and Opportunities

DOI: 10.7176/PPAR/12-2-04

Publication date:March 31^st 2022